If LTC rises faster than BTC at this time, it's a Tulip bubble. Trust me on this. People aren't really thinking it through, the rise is not based on anything else than technicals. I looked at LTC recently to see if I should diversify my Bitcoin holdings, but I came to the conclusion that there is absolutely nothing to see there. Litecoin is used exactly for 1 thing, mining new litecoins to either sell them for bitcoins or dollars, or to hoard them (which is is highly questionable since it's a Tulip bubble).

Nothing else whatsoever is going on in the Litecoin economy. The technology itself does not have any significant advantages to Bitcoin, making it near impossible for Litecoin to even slightly challenge the network effect of Bitcoin. So, again, you might see LTC price rise temporarily at a higher rate than BTC, but there is nothing real going on. The whole LTC economy is based on people mining new LTC's, it's a dead end loop.

Litecoin is used exactly for 1 thing, mining new litecoins to either sell them for bitcoins or dollars, or to hoard them (which is is highly questionable since it's a Tulip bubble).... The whole LTC economy is based on people mining new LTC's, it's a dead end loop.

Yes. I came to the same conclusion too.

The first-mover advantage in crypto-currency is absolutely critical. I just can't see mainstream sites offering >1 choices of crypto. The public would see it as a Sony/Betamax or Blu-Ray/HDDVD drama all over again and be annoyed about it.

The first-mover advantage in crypto-currency is absolutely critical. I just can't see mainstream sites offering >1 choices of crypto. The public would see it as a Sony/Betamax or Blu-Ray/HDDVD drama all over again and be annoyed about it.

Seeing bitcoin as the only crypto-currency that ever will be widely used is probably a little far-fetched. People thought the same about payment systems some 10 to 15 years ago, but look at it right now, there's plenty of choice from paypal over credit cards to ukash and the like.

Sure, other fledgling crypto-currencies have to have merits on their own if they want to succeed, and i fail to see those merits in LTC. But that does not necessarily mean that no other crypto-currency will be established sometime in the future.

I'm quite sure Bitcoin will get real competition, but I don't think it's Litecoin. Ripple is something that can truly complement Bitcoin, that is something I'm far more interested in than LTC. It's possible that LTC will get real applications in the future but right now I'm seeing hype with nothing to back it up.

Litecoin is used exactly for 1 thing, mining new litecoins to either sell them for bitcoins or dollars, or to hoard them (which is is highly questionable since it's a Tulip bubble).... The whole LTC economy is based on people mining new LTC's, it's a dead end loop.

Yes. I came to the same conclusion too.

The first-mover advantage in crypto-currency is absolutely critical. I just can't see mainstream sites offering >1 choices of crypto. The public would see it as a Sony/Betamax or Blu-Ray/HDDVD drama all over again and be annoyed about it.

you guys forget, that by buying ltc with btcand buying btc back with ltc you wash btc.

Litecoin is used exactly for 1 thing, mining new litecoins to either sell them for bitcoins or dollars, or to hoard them (which is is highly questionable since it's a Tulip bubble).... The whole LTC economy is based on people mining new LTC's, it's a dead end loop.

Yes. I came to the same conclusion too.

The first-mover advantage in crypto-currency is absolutely critical. I just can't see mainstream sites offering >1 choices of crypto. The public would see it as a Sony/Betamax or Blu-Ray/HDDVD drama all over again and be annoyed about it.

you guys forget, that by buying ltc with btcand buying btc back with ltc you wash btc.

LTC is also much faster. We have seen where BTC can take 1 to 2 hours to have just one confirm. Operations that need speed all the time will use LTC.

Is there a reason why BTC blocks only refresh every 10 minutes? The faster confirmation time is the only value I could possibly see in LTC. Why doesn't BTC just take faster confirmation times?

I'm quite sure Bitcoin will get real competition, but I don't think it's Litecoin. Ripple is something that can truly complement Bitcoin, that is something I'm far more interested in than LTC. It's possible that LTC will get real applications in the future but right now I'm seeing hype with nothing to back it up.

This may be true, but I think litecoin is here to stay. Iiro is a vocal proponent, maybe he has a huuuge stast of LTC that he wants to profit from. I would maybe buy LTC at its support line in .0025, definitely not now.